Artisan Partners Limited Partnership Lowers Position in Comcast Corporation $CMCSA

Artisan Partners Limited Partnership trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,072,776 shares of the cable giant’s stock after selling 82,980 shares during the quarter. Artisan Partners Limited Partnership owned 0.11% of Comcast worth $145,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Cranbrook Wealth Management LLC grew its position in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in shares of Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the last quarter. Avalon Trust Co grew its holdings in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 624 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Comcast during the first quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC lifted its holdings in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after acquiring an additional 686 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $26.87 on Thursday. The firm’s 50 day moving average is $29.73 and its 200 day moving average is $32.73. The stock has a market capitalization of $97.91 billion, a P/E ratio of 4.47, a PEG ratio of 1.88 and a beta of 0.92. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $44.03. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.9%. Comcast’s dividend payout ratio is 21.96%.

Analysts Set New Price Targets

CMCSA has been the subject of several research analyst reports. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Tuesday, November 4th. UBS Group set a $34.00 price objective on shares of Comcast in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Moffett Nathanson decreased their price target on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, BNP Paribas Exane upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Tuesday, November 4th. Eleven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.92.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.